Its one way to come up with funds to close, but it will affect your credit score. I have clients that do that, but after a year or so, their fico score is 100 pts less and they have all those cc balances to deal with. A better way is to find a silent partner, or some other line of credit such as a home equity line.
hello, there is a guy who will buy homes or use for down payments using checks from balace transfers! For example, he gets a balance transfer from a credit card company with a 2.99 for 6 months, he writes a check to buy a home or down payment and THEN he applises for another card and transfers that to the previuosn card. Does this make sense or could this be trouble???